Financial Performance - The company's operating revenue for Q3 2025 was ¥144,348,315.08, a decrease of 15.36% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2025 was ¥18,880,722.46, an increase of 222.86% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥127,979.68, up 101.01% compared to the same period last year[4] - Total operating revenue for the period was RMB 513,680,531.14, a decrease of 11.16% compared to RMB 578,243,392.83 in the previous period[18] - Net profit decreased from 57.33 million to 49.41 million, a decline of approximately 13.77%[19] - Total comprehensive income attributable to the parent company decreased from 55.73 million to 53.99 million, a decline of about 3.11%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,089,740,564.63, representing a growth of 4.34% from the end of the previous year[4] - Cash and cash equivalents at the end of the period amounted to RMB 2,097,747,757.49, an increase from RMB 1,536,141,970.07 at the beginning of the period[15] - Total assets reached RMB 5,089,740,564.63, up from RMB 4,878,071,041.66 at the beginning of the period[17] - Total current liabilities increased to RMB 1,004,515,594.71 from RMB 853,571,255.63, reflecting a rise of 17.66%[17] - The company reported a total equity of RMB 3,970,242,955.22, slightly up from RMB 3,946,767,093.40 at the beginning of the period[17] - The company’s short-term borrowings increased to RMB 26,550,000.00 from RMB 20,550,000.00, indicating a rise of 29.68%[17] - The company’s long-term borrowings rose to RMB 7,400,000.00 from RMB 6,000,000.00, reflecting a growth of 23.33%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥207,227,403.35, an increase of 72.93%[4] - Cash flow from operating activities decreased from 908.92 million to 795.74 million, a decrease of about 12.43%[21] - Cash flow from investing activities generated a net inflow of 257.99 million, compared to 132.86 million in the previous period, an increase of approximately 94.38%[22] - Cash and cash equivalents at the end of the period increased to 876.45 million from 663.78 million, an increase of about 32.06%[22] Operational Metrics - Total operating costs decreased from 585.68 million to 514.12 million, a reduction of approximately 12.14%[19] - Operating profit increased from 58.49 million to 65.11 million, representing an increase of about 11.00%[19] - Basic and diluted earnings per share decreased from 0.0666 to 0.0614, a decline of approximately 7.53%[20] - Research and development expenses decreased from 61.67 million to 56.92 million, a reduction of approximately 7.06%[19] - Other income increased from 29.55 million to 36.62 million, an increase of about 23.77%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,758[11] Investment and Income - The investment income decreased by 30.77% year-on-year, primarily due to a reduction in interest income from financial products[8] - The asset disposal income increased by 922.44% compared to the same period last year, indicating higher gains from asset disposals[9] Contract Liabilities - The company's contract liabilities increased by 81.24% compared to the beginning of the period, attributed to sales prepayments received during the reporting period[7] - The company’s contract liabilities surged to RMB 738,215,464.35 from RMB 407,323,025.74, marking an increase of 81.01%[17] Research and Development - The company has developed a genetically modified corn transformation body LD05 in collaboration with Shandong Academy of Agricultural Sciences, which received a safety certificate from the Ministry of Agriculture and Rural Affairs[13]

Financial Performance - The company's operating revenue for the third quarter was ¥1,598,772,594.34, a decrease of 16.58% compared to the same period last year[3] - The total profit for the third quarter was -¥523,659,755.38, with a year-to-date total profit of -¥726,435,106.53[3] - The net profit attributable to shareholders for the third quarter was -¥452,744,597.58, and year-to-date it was -¥731,666,756.79[3] - Total operating revenue for the first three quarters of 2025 reached ¥4,262,281,449.79, a significant increase of 36.1% compared to ¥3,134,871,098.27 in the same period of 2024[16] - The net loss for the first three quarters of 2025 was ¥737,130,708.32, compared to a net loss of ¥477,204,502.87 in 2024, representing a deterioration of 54.4%[17] - The company’s total comprehensive loss for the first three quarters of 2025 was ¥736,889,213.63, compared to a loss of ¥477,657,911.91 in 2024[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥33,916,249,174.53, representing a 16.13% increase from the end of the previous year[4] - The company's total assets reached CNY 33,916,249,174.53, up from CNY 29,205,008,726.80[13] - Total liabilities increased to CNY 29,516,690,691.08 from CNY 24,081,186,510.10[14] - The company's total liabilities reached CNY 27,675,803,692.95, an increase from CNY 24,420,243,766.13 at the end of 2024, marking a rise of 9.2%[22] - The total equity decreased to CNY 4,092,733,051.02 as of September 30, 2025, down from CNY 4,654,243,989.27 at the end of 2024, reflecting a decline of 12.1%[23] Cash Flow - The net cash flow from operating activities for the third quarter was -¥825,426,366.89, a significant decrease of 550.45% compared to the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥608,732,035.94 in 2025, an improvement from a net outflow of ¥2,346,795,889.77 in 2024[19] - Net cash flow from operating activities was -CNY 653.68 million, an improvement from -CNY 2.70 billion year-over-year[27] - Total cash inflow from financing activities in 2025 was ¥1,236,697,207.27, a decrease from ¥3,143,079,376.68 in 2024[20] Shareholder Information - The company reported a total of 41,384 common shareholders at the end of the reporting period[9] - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 61.4% of the shares, totaling 818,666,636 shares[9] Research and Development - Research and development expenses totaled ¥149,787,500.32 for the quarter, accounting for 9.37% of operating revenue, a decrease of 1.63 percentage points year-on-year[4] - Research and development expenses for the first three quarters of 2025 were CNY 386,572,575.02, slightly down from CNY 417,317,342.38 in the same period of 2024[25] Orders and Backlog - The company reported a total of 8,397.85 MW in new orders, representing a year-over-year increase of 17.49%[11] - The cumulative backlog of orders reached 22,200.20 MW, up 52.41% compared to the same period last year[11]

证券代码（A/H）：000063/00763 证券简称(A/H)：中兴通讯 公告编号：202564 中兴通讯股份有限公司 2025 年第三季度报告 本公告在境内和香港同步刊登。本公告根据《深圳证券交易所股票上市规则》规定在境内刊登。 本公告依据《香港联合交易所有限公司证券上市规则》第 13.09(2)条及第 13.10B 条的披露义务及 香港法例第 571 章《证券及期货条例》第 XIVA 部内幕消息条文而公布。 §1 重要提示 1.1 中兴通讯股份有限公司（简称"中兴通讯"、"本公司"或"公司"）董事会及董事、 高级管理人员保证本季度报告内容的真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏，并承担个别和连带的法律责任。 1.2 本季度报告已经于 2025 年 10 月 28 日召开的本公司第十届董事会第十三次会议审议 通过，所有董事均亲自出席了本次会议。 1.3 本公司法定代表人徐子阳先生、财务总监李莹女士和会计机构负责人王秀红女士声 明：保证本季度报告中的财务报表真实、准确、完整。 1.4 本季度报告中的财务报表未经审计。本季度报告所载的财务资料乃根据中国企业会 计准则编制。 1.5 本季度报告 ...

Financial Performance - The company's revenue for Q3 2025 was CNY 363,689,810.3, representing a year-over-year increase of 2.97%[4] - The total profit for the period was CNY 57,394,332.85, which is a decrease of 12.66% compared to the same period last year[4] - The net profit attributable to shareholders was CNY 51,854,342.90, down 13.04% year-over-year[4] - The net profit after deducting non-recurring gains and losses was CNY 46,771,641.57, reflecting an 18.82% decrease compared to the previous year[4] - The basic earnings per share for the period was CNY 0.23, a decline of 11.54% from the same period last year[5] - The weighted average return on equity was 2.54%, a decrease of 0.41 percentage points compared to the previous year[5] - The decline in total profit was primarily attributed to a decrease in gross margin and an increase in operating expenses compared to the previous year[8] - The net profit for the first three quarters of 2025 reached CNY 154,837,612.72, compared to CNY 151,843,201.18 in the same period of 2024, reflecting a growth of approximately 1.3%[19] - The total profit for the first three quarters of 2025 was CNY 172,707,619.58, slightly down from CNY 175,465,671.65 in 2024[19] - The company's operating profit for the latest quarter was CNY 172,025,885.61, compared to CNY 175,295,143.03 in the same quarter last year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,631,601,697.6, down 1.00% from the end of the previous year[5] - The company's total assets as of September 30, 2025, were CNY 2,631,601,697.67, slightly down from CNY 2,658,284,092.99 at the end of 2024[15] - Current assets totaled CNY 1,690,257,229.75 as of September 30, 2025, compared to CNY 1,701,853,165.39 at the end of 2024, showing a decrease of 0.7%[15] - The company's total liabilities decreased to CNY 566,994,965.58 from CNY 592,269,426.02, representing a decline of 4.3%[16] - The equity attributable to shareholders of the parent company was CNY 2,066,225,755.98 as of September 30, 2025, compared to CNY 2,066,970,652.29 at the end of 2024, a slight decrease of 0.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 101,926,003.9, which is significantly lower than the previous year's negative cash flow[4][10] - Operating cash flow for the first three quarters of 2025 was CNY 101,926,003.93, a significant improvement from a negative cash flow of CNY 14,577,909.26 in 2024[21] - The company reported a net cash inflow from investment activities of CNY 263,601,992.46 in 2025, compared to a net outflow of CNY 26,185,787.09 in 2024[22] - The total cash and cash equivalents at the end of the period stood at CNY 254,273,835.06, down from CNY 398,746,987.20 at the end of the previous year[22] - The company incurred a credit impairment loss of CNY 2,322,229.93, compared to a loss of CNY 4,388,496.83 in the previous year, showing an improvement[19] - The company reported a cash outflow from financing activities of CNY 187,875,762.74 in 2025, compared to CNY 143,924,265.87 in 2024, indicating increased financing activities[22] Revenue and Costs - Total operating revenue for the first three quarters of 2025 reached CNY 1,150,492,963.20, an increase of 6.2% compared to CNY 1,082,878,470.66 in the same period of 2024[18] - Total operating costs for the first three quarters of 2025 were CNY 998,415,440.54, up from CNY 917,277,223.63 in 2024, reflecting a year-on-year increase of 8.8%[18] - Research and development expenses for the first three quarters of 2025 amounted to CNY 51,384,680.03, compared to CNY 49,739,032.67 in 2024, indicating a growth of 3.3%[18] - Total revenue from sales of goods and services in the first three quarters of 2025 was CNY 1,170,761,517.24, up from CNY 1,053,580,278.12 in 2024, indicating an increase of about 11.1%[21] Government Support and Strategic Focus - The company received government subsidies amounting to CNY 5,222,361.06 during the period, contributing to its non-recurring gains[7] - The company is focusing on expanding its market presence and enhancing product development, although detailed strategies were not specified in the report[17] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2025 showing a positive trend compared to the previous year, although specific figures were not disclosed[18] Shareholder Returns - The basic and diluted earnings per share for the latest quarter were both CNY 0.70, an increase from CNY 0.68 in the previous year[19] - Cash and cash equivalents increased significantly to CNY 274,123,275.06 from CNY 96,472,403.71, marking a growth of 184.5%[14]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,185,618,050.77, representing a year-on-year increase of 23.36%[4] - The total profit for the quarter was ¥329,790,262.32, reflecting a growth of 28.66% compared to the same period last year[4] - Net profit attributable to shareholders was ¥284,335,430.82, which is a 25.61% increase year-on-year[4] - The basic earnings per share for the quarter was ¥0.32, up by 28.00% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,250,469,891.44, an increase of 16.3% compared to ¥2,794,914,276.18 in the same period of 2024[17] - Operating profit for the first three quarters of 2025 was ¥865,440,956.93, compared to ¥726,650,538.74 in 2024, indicating an increase of 19.1%[17] - Net profit for the first three quarters of 2025 was ¥865,525,524.36, up from ¥726,739,907.36 in 2024, representing a growth of 19.1%[17] - The net profit for the first three quarters of 2025 reached CNY 758,410,205.74, an increase of 15.4% compared to CNY 656,864,566.04 in the same period of 2024[18] - The basic and diluted earnings per share for the current period were CNY 0.83, up from CNY 0.73 in the previous year, reflecting a growth of 13.7%[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥25,617,274,583.16, marking a 5.74% increase from the end of the previous year[5] - Non-current assets totaled ¥21,041,127,501.33 as of September 30, 2025, an increase from ¥19,773,229,306.72 at the end of 2024, reflecting a growth of 6.4%[14] - Total assets reached ¥25,617,274,583.16 as of September 30, 2025, compared to ¥24,226,716,821.26 at the end of 2024, marking an increase of 5.7%[14] - Current liabilities amounted to ¥4,105,407,401.78 as of September 30, 2025, a decrease from ¥4,264,022,598.54 at the end of 2024, indicating a reduction of 3.7%[15] - Long-term borrowings increased to ¥9,768,053,625.26 as of September 30, 2025, compared to ¥8,826,692,050.41 at the end of 2024, reflecting a rise of 10.7%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,479,826,135.52, showing a 7.43% increase[4] - Cash flow from operating activities for the first three quarters of 2025 was CNY 1,479,826,135.52, compared to CNY 1,377,463,654.26 in the same period of 2024, indicating an increase of 7.4%[20] - The company reported a total operating cash inflow of CNY 3,199,083,936.82, compared to CNY 2,809,209,647.16 in the previous year, marking an increase of 13.9%[20] - The total cash inflow from investment activities was CNY 671,547,590.15, significantly higher than CNY 31,991,564.86 in the previous year[20] - The net cash flow from financing activities was negative at CNY -1,343,655,698.74, a decrease from a positive CNY 278,516,058.46 in the same period of 2024[21] - The total cash and cash equivalents at the end of the period stood at CNY 1,245,070,456.76, down from CNY 1,919,594,553.57 at the end of the previous year[21] Shareholder Information - The company had a total of 29,360 common shareholders at the end of the reporting period[10] - The company received government subsidies amounting to ¥10,906,558.01 during the quarter, contributing positively to the financial results[7] Research and Development - Research and development expenses for the first three quarters of 2025 were ¥120,711,396.90, compared to ¥101,884,721.68 in 2024, showing an increase of 18.5%[17] Accounting Standards - The company did not apply new accounting standards for the current reporting period[22]

Financial Performance - The company's operating revenue for the third quarter was ¥126,429,267.74, a decrease of 32.65% compared to the same period last year[4] - The total profit for the third quarter was -¥18,995,742.00, reflecting a decline of 562.65% year-on-year[4] - The net profit attributable to shareholders for the third quarter was -¥20,334,333.66, down 1,030.79% from the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥21,930,553.60, a decrease of 4,237.72% year-on-year[4] - The basic earnings per share for the third quarter was -¥0.06, a decrease of 700.00% year-on-year[5] - Net profit for the first three quarters of 2025 was a loss of CNY 48,399,971.24, compared to a loss of CNY 6,045,732.47 in 2024, indicating a significant decline in profitability[24] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥94,032,765.77, an increase of 638.54% compared to the previous year[5] - Operating cash flow for the first three quarters of 2025 was CNY 94,032,765.77, a substantial increase from CNY 12,732,294.08 in the same period of 2024[26] - The company’s total cash inflow from operating activities was CNY 814,358,952.04 in 2025, down from CNY 900,171,066.18 in 2024[26] - The company’s total cash outflow from investing activities was CNY 181,119,696.15 in 2025, compared to CNY 194,161,429.70 in 2024, indicating a reduction in investment expenditures[26] - Net cash flow from investing activities was -$141.41 million, compared to -$189.86 million in the previous period[28] - Net cash flow from financing activities was $110.95 million, a decrease from $139.54 million year-over-year[28] - Cash and cash equivalents increased by $63.79 million, compared to a decrease of $37.59 million in the prior period[28] - Total cash and cash equivalents at the end of the period reached $260.11 million, up from $239.34 million[28] - Cash inflow from obtaining loans was $409.81 million, significantly higher than $207.37 million in the previous period[28] - Cash outflow for debt repayment was $258.23 million, compared to $55.55 million last year[28] - Cash inflow from other financing activities was $27.18 million, while cash outflow for other financing activities was $19.66 million[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,634,180,209.59, a decrease of 2.43% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥809,282,852.64, a slight decrease of 0.20% compared to the previous year[5] - Total current assets decreased from 892.94 million RMB to 807.68 million RMB, a decline of approximately 9.5%[18] - Total non-current assets increased from 1.81 billion RMB to 1.83 billion RMB, reflecting a growth of about 0.4%[19] - Total assets decreased from 2.70 billion RMB to 2.63 billion RMB, a reduction of approximately 2.7%[19] - Current liabilities decreased significantly from 1.30 billion RMB to 818.43 million RMB, a decline of about 37%[19] - Long-term borrowings increased from 442.90 million RMB to 839.72 million RMB, an increase of approximately 89.5%[19] - Total liabilities decreased to CNY 1,822,071,564.93 in 2025 from CNY 1,884,279,798.31 in 2024, showing improved financial stability[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,885[13] - The largest shareholder, Hainan Haikong Investment Holding Co., Ltd., holds 134.3 million shares, representing 42.50% of the total shares[13] - Total equity attributable to shareholders was CNY 809,282,852.64 in 2025, slightly down from CNY 810,906,606.50 in 2024[20] Research and Development - The company experienced a significant decline in transportation business revenue, contributing to the overall decrease in operating income[9] - The company reported a decrease in net profit due to reduced asset disposal gains during the reporting period[10] - The company's research and development expenses increased by 124.94 million RMB, primarily due to higher salaries for R&D personnel compared to the previous period[11] - Research and development expenses increased to CNY 1,796,578.94 in 2025 from CNY 798,685.48 in 2024, reflecting a focus on innovation[23] Other Income - Investment income reached 353.91 million RMB, mainly from the transfer of 100% equity in Hainan Haikong Equipment Co., Ltd.[11] - The company reported a significant increase in other income to CNY 44,406,727.29 in 2025, compared to CNY 52,599,230.96 in 2024[23] Accounting Standards - The company did not apply new accounting standards starting from 2025[29]

Financial Performance - Q3 2025 revenue was CNY 13,949,306,070.84, a decrease of 2.20% year-over-year[5] - Net profit attributable to shareholders was a loss of CNY 109,407,588.38, down 511.59% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was a loss of CNY 142,463,037.07, a decline of 376.72% year-over-year[5] - Total operating revenue decreased to ¥38.89 billion from ¥41.06 billion, a decline of approximately 5.7% year-over-year[22] - Net profit for the period was a loss of ¥1.08 billion, compared to a profit of ¥266.34 million in the previous period, indicating a significant downturn[24] - Basic and diluted earnings per share were both reported at -0.1328, compared to 0.0177 in the previous period[24] Assets and Liabilities - Total assets increased by 8.02% to CNY 37,335,123,981.43 compared to the end of the previous year[5] - The company's total assets increased to ¥37.34 billion from ¥34.56 billion, reflecting a growth of approximately 8.0%[20] - Total liabilities rose to ¥29.22 billion from ¥25.14 billion, an increase of approximately 16.4%[20] - Current liabilities increased to ¥27.58 billion from ¥22.74 billion, a rise of approximately 21.5%[20] - Shareholders' equity attributable to the parent company decreased by 22.31% to CNY 2,313,765,640.36[5] - The company's equity attributable to shareholders decreased to ¥2.31 billion from ¥2.98 billion, a decline of approximately 22.4%[20] Cash Flow - Cash flow from operating activities was negative at CNY -3,314,781,701.87, indicating a decrease in sales collections and increased inventory[12] - Operating cash inflow for the current period was ¥40,188,752,936.12, a decrease of 3.9% from ¥41,818,992,166.86 in the previous period[27] - Net cash outflow from operating activities was ¥3,314,781,701.87, worsening from a net outflow of ¥1,537,761,130.93 in the previous period[27] - Cash inflow from financing activities increased significantly to ¥39,825,720,602.16, up from ¥25,186,621,868.19, marking a growth of 58.2%[28] - Net cash outflow from financing activities was ¥37,093,229,244.76, compared to ¥23,308,821,330.60 in the previous period, indicating a rise of 59.2%[28] - The net increase in cash and cash equivalents was a decrease of ¥1,105,652,381.03, compared to a decrease of ¥346,622,589.44 in the previous period[28] - The ending balance of cash and cash equivalents was ¥3,164,818,687.38, down from ¥3,785,930,339.68 in the previous period[28] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 31.67% to CNY 12,224,627,834.67, attributed to increased stock of goods and raw materials[12] - Inventory increased significantly to ¥12,224,627,834.67 from ¥9,284,437,136.44, reflecting a growth of around 31.3%[18] - Accounts receivable rose to ¥9,949,413,999.48 from ¥9,074,818,287.33, an increase of approximately 9.6%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period was 151,524[14] - The largest shareholder, Nanjing Zhongdian Panda Information Industry Group, holds 24.51% of shares, totaling 1,110,344,828 shares, with 555,172,414 shares pledged[14] - The top ten shareholders include four state-owned entities, indicating a strong state influence in the company's ownership structure[15] - The company reported a total of 0 preferred shareholders at the end of the reporting period[16] - The company has not disclosed any significant changes in the shareholding structure due to margin trading activities[16] Financial Expenses and Investments - Financial expenses decreased by 50.36% to CNY 211,116,923.65, primarily due to changes in exchange gains and losses[12] - Research and development expenses were approximately ¥997.68 million, slightly down from ¥966.84 million, indicating continued investment in innovation[23] - The company reported a significant increase in financial expenses, totaling ¥211.12 million, down from ¥425.29 million, reflecting a reduction in interest expenses[23] Accounting and Reporting - The company’s third-quarter financial report was not audited[29] - The company will implement new accounting standards starting from 2025[30]

Financial Performance - The company's operating revenue for the third quarter reached ¥201,467,888.83, representing a year-on-year increase of 15.68%[5] - Net profit attributable to shareholders for the third quarter was ¥80,297,779.11, up 31.86% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥80,414,028.61, reflecting a 32.27% increase year-on-year[5] - Basic earnings per share for the third quarter were ¥0.18, a rise of 38.46% compared to the same quarter last year[5] - Net profit for the current period was ¥154,913,829.87, representing a 36.3% increase from ¥113,758,615.08 in the previous period[17] - Earnings per share (EPS) for the current period was ¥0.33, compared to ¥0.25 in the previous period, indicating a 32.0% increase[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 63.27% to ¥226,308,348.18[5] - Cash flow from operating activities generated a net amount of ¥226,308,348.18, significantly higher than ¥138,608,382.44 from the previous period, marking a growth of 63.1%[19] - Total cash and cash equivalents at the end of the period reached $472,255,805.33, up from $313,413,400.56 at the beginning of the period[20] - The cash and cash equivalents increased by $123,438,936.13 during the period[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,760,350,924.40, marking a 2.88% increase from the end of the previous year[5] - The total assets of Fujian Mindong Electric Power Co., Ltd. reached CNY 3,760,350,924.40 as of September 30, 2025, an increase from CNY 3,654,997,186.67 at the beginning of the period[14] - Current assets totaled CNY 1,205,215,382.18, up from CNY 877,644,309.45 at the start of the period, indicating a significant increase in liquidity[13] - Total liabilities decreased to CNY 1,044,959,329.05 from CNY 1,101,273,884.99, indicating a reduction in financial obligations[14] - The total liabilities and equity reached ¥3,760,350,924.40, compared to ¥3,654,997,186.67, reflecting an increase of 2.9%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,036[9] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds a 47.31% stake in the company[9] - The equity attributable to shareholders at the end of the reporting period was ¥2,664,113,722.87, up 6.31% from the previous year-end[5] - The total equity of the company was CNY 2,715,391,595.35, reflecting a stable capital structure despite fluctuations in assets and liabilities[14] Operational Highlights - The company reported a significant increase in sales revenue from electricity and real estate, contributing to the overall profit growth[8] - The company reported a decrease in inventory from CNY 223,658,122.46 to CNY 210,127,620.92, indicating improved inventory management[13] Other Financial Metrics - Total operating revenue for the current period reached ¥489,848,386.10, an increase of 8.8% compared to ¥450,172,159.35 in the previous period[16] - Total operating costs amounted to ¥351,544,431.24, up from ¥334,864,550.12, reflecting a growth of 5.0%[16] - Investment income for the current period was ¥21,400,452.53, up from ¥18,937,199.30, showing a growth of 7.7%[16] - The company reported a significant increase in tax expenses, which rose to ¥29,066,493.94 from ¥21,355,017.47, an increase of 36.3%[17] - Other income increased to ¥5,233,859.78 from ¥4,407,912.68, reflecting a growth of 18.7%[16] Financing Activities - Net cash flow from financing activities was -$25,844,637.99, compared to $123,238,168.65 in the previous period[20] - Cash inflow from financing activities totaled $21,661,855.52, while cash outflow amounted to $47,506,493.51[20] - The company paid $33,037,169.67 for debt repayment and $8,579,609.84 for dividends and interest payments[20] Governance and Compliance - The third quarter financial report was not audited[21] - The company is set to implement new accounting standards starting in 2025[21] - The board of directors is led by Chairman Huang Jian'en[22]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥702,579,489.94, representing a year-on-year increase of 5.62%[7] - Net profit attributable to shareholders for the same period was ¥23,752,396.49, up 9.55% year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥22,290,809.39, reflecting a significant increase of 15.21% compared to the previous year[7] - Total revenue for the first three quarters of 2025 reached RMB 1.982 billion, representing a year-on-year growth of 17%[17] - Net profit attributable to shareholders for the same period was RMB 61 million, up 56% year-on-year[17] - Net profit excluding non-recurring gains and losses was RMB 55 million, showing a significant increase of 136% year-on-year[17] - Total operating revenue for the current period reached ¥1,981,907,130.90, an increase of 16.8% compared to ¥1,696,560,002.81 in the previous period[22] - Operating profit for the current period was ¥111,504,284.66, compared to ¥88,421,438.08 in the previous period, indicating a growth of 25.9%[23] - Net profit for the current period was ¥92,219,212.38, an increase of 22.8% from ¥75,112,354.24 in the previous period[23] - Total comprehensive income for the current period was ¥93,844,477.06, up from ¥75,540,121.44 in the previous period, reflecting an increase of approximately 24%[24] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥5,773,576,566.50, a growth of 5.19% from the end of the previous year[7] - The total assets of the company reached ¥5,773,576,566.50, compared to ¥5,488,780,516.23 in the previous period, marking an increase of 5.2%[21] - Current liabilities totaled ¥1,566,701,358.08, up from ¥1,276,042,134.43, reflecting a significant increase of 22.7%[21] - Long-term borrowings amounted to ¥80,041,999.99, indicating a new addition to the company's financing strategy[21] - The total liabilities increased, with accounts payable rising to ¥231,589,776.24, a 30.05% increase due to higher settlements with suppliers[11] Cash Flow - The company's cash flow from operating activities showed a negative net amount of ¥27,438,925.83, a decline of 149.54% year-on-year, primarily due to increased payments for materials[13] - Cash inflow from operating activities totaled ¥1,963,888,223.01, compared to ¥1,807,089,174.39 in the previous period, marking an increase of approximately 8.65%[27] - Cash outflow from operating activities was ¥1,991,327,148.84, up from ¥1,751,704,382.45, resulting in a net cash flow from operating activities of -¥27,438,925.83[27] - Cash flow from investing activities showed a net outflow of -¥38,085,169.18, slightly worse than the previous period's outflow of -¥34,753,042.43[27] - Cash flow from financing activities resulted in a net outflow of -¥45,524,399.96, an improvement compared to -¥149,066,282.26 in the previous period[27] - The company's cash and cash equivalents at the end of the period stood at ¥561,238,967.05, compared to ¥535,351,366.13 at the end of the previous period, indicating a slight increase[27] - The company held RMB 633.58 million in cash and cash equivalents as of September 30, 2025[19] - The company received ¥735,270,034.47 from borrowings, up from ¥489,319,374.42 in the previous period, reflecting a significant increase in financing activities[27] - The company reported a tax refund of ¥106,136,078.89, which is an increase from ¥77,230,107.42 in the previous period, indicating improved cash flow from tax-related activities[27] Shareholder Information - The basic earnings per share for Q3 2025 was ¥0.03, down 12.02% compared to the same period last year[7] - Basic and diluted earnings per share increased to ¥0.0769 from ¥0.0614, representing a growth of about 25%[24] - The company repurchased 16,881,200 shares, accounting for 2.08% of total share capital[16] - The top ten shareholders include state-owned entities, with the largest shareholder holding 11.44% of shares[15] Business Segments - Revenue from specialized printing and scanning business was RMB 410 million, a year-on-year increase of 29%, with overseas revenue reaching RMB 320 million, up 51%[17] - Revenue from intelligent self-service terminal business was RMB 500 million, growing 17% year-on-year, with domestic revenue increasing by 56%[17] - Intelligent logistics equipment business revenue doubled to RMB 210 million, with significant projects completed for China Post Group and major e-commerce logistics providers[17] - The company has established a strong market position in core equipment for logistics, maintaining a leading market share[17] Research and Development - Research and development expenses were ¥257,974,935.63, slightly down from ¥263,244,841.14, indicating a focus on cost management in R&D[23] Other Financial Metrics - The weighted average return on equity was 0.61%, a slight decrease of 0.06% from the previous year[7] - The company reported a significant increase in government subsidies, with operating income from this source rising to ¥1,204,234.51, up 904.16% year-on-year[12] - The company experienced a substantial decrease in cash flow from financing activities, with a net outflow of ¥45,524,399.96, an improvement of 69.46% compared to the previous year[13] - The company reported a net loss of ¥27,438,925.83 for the current period, compared to a net gain of ¥55,384,791.94 in the previous period, indicating a significant decline in cash flow from operating activities[26]

Revenue and Profit - Revenue for Q3 2025 was CNY 209,511,134.69, a decrease of 3.79% year-over-year, and total revenue for the year-to-date was CNY 409,942,356.83, down 18.34% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2025 was CNY 1,746,656.89, an increase of 160.51% year-over-year, while year-to-date net profit reached CNY 12,943,639.15, up 113.07% compared to the previous year[5] - Basic earnings per share for Q3 2025 was CNY 0.0029, reflecting a 161.70% increase year-over-year, and year-to-date earnings per share was CNY 0.0215, up 115.00%[5] - Total operating revenue for the current period is CNY 409,942,356.83, a decrease of 18.3% from CNY 501,992,833.47 in the previous period[17] - Net profit for the current period is CNY 12,872,720.63, compared to CNY 3,305,400.89 in the previous period, representing a significant increase[17] - Basic and diluted earnings per share are both CNY 0.0215, up from CNY 0.01 in the previous period[18] Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 6,584,329,567.08, representing a 6.39% increase from the end of the previous year[5] - The company's total current assets at the end of the period amount to 2,938,788,026.28 RMB, slightly up from 2,921,754,146.37 RMB at the beginning of the period[15] - The total assets of the company are 6,584,329,567.08 RMB, compared to 6,188,923,983.53 RMB at the beginning of the period[15] - The total liabilities include short-term borrowings of 550,478,603.05 RMB, up from 523,720,773.58 RMB[15] - Total liabilities increased to CNY 6,177,599,289.52 from CNY 5,943,006,993.53, indicating a rise in financial obligations[16] - Long-term borrowings increased to CNY 569,702,580.45 from CNY 287,155,751.89, indicating potential expansion or investment activities[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,184[12] - The largest shareholder, Foshan Construction Development Group Co., Ltd., holds 36.15% of shares, totaling 230,002,970 shares[12] - Li Congwen, a natural person, holds 13.26% of shares, amounting to 84,344,000 shares, with 63,258,000 shares pledged[13] - The company has no preferred shareholders or significant changes in the top ten shareholders participating in margin financing[14] Cash Flow and Investments - Cash flow from operating activities showed a significant increase of 19465% from the disposal of fixed assets, primarily due to property sales[11] - Cash inflow from operating activities totaled CNY 652,587,346.70, slightly down from CNY 683,967,449.51 in the previous period[19] - Cash paid for purchasing goods and services was CNY 644,588,096.74, an increase from CNY 582,820,504.29 in the previous period[19] - Total cash inflow from investing activities was $47.79 million, up from $24.58 million, while cash outflow increased significantly to $418.36 million from $190.19 million, resulting in a net cash flow of -$370.57 million from investing activities[20] - Cash inflow from financing activities reached $2.29 billion, compared to $1.76 billion, with a net cash flow of $499.36 million, up from $444.61 million[20] - The company received $1.07 billion in borrowings, an increase from $547.24 million in the previous period, indicating a stronger reliance on debt financing[20] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was $375.13 million, significantly higher than $111.51 million previously, suggesting increased investment in capital expenditures[20] - The cash paid for debt repayment was $668.34 million, down from $1.16 billion, reflecting a reduction in debt servicing costs[20] Other Financial Metrics - Owner's equity attributable to shareholders increased by 74.66% to CNY 370,416,773.96 compared to the end of the previous year[5] - Other income increased by 198.79% due to higher government subsidies received[9] - Investment income surged by 5841.21% as a result of increased returns from joint ventures[9] - The company reported a significant increase in research and development expenses to CNY 15,943,605.72 from CNY 10,114,154.54, highlighting a focus on innovation[17] - The company experienced a 99.58% decrease in tax refunds received, attributed to pending income tax reconciliations[11] - The company reported a 918.37% increase in cash received from minority shareholders' capital contributions[11] Audit and Accounting Standards - The company did not undergo an audit for the third quarter financial report, which may affect the reliability of the reported figures[21] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[22]